Figure 4-5 Figure 4-5 Shows the Market for Apartments in Springfield.Recently, the for Apartments

question 87

Multiple Choice

Figure 4-5

Figure 4-5 shows the market for apartments in Springfield.Recently, the government imposed a rent ceiling of $1,000 per month.
-Refer to Figure 4-5.Suppose that instead of a rent ceiling, the government imposed a price floor of $2,000 per month for apartments.What is the value of consumer surplus after the imposition of the price floor?

• A)$6,000
• B)$30,000
• C)$100,000
• D)$240,000

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